SK2 Services Acquires 45,910 SF Industrial Building In Baytown From FRI Massey Tompkins
1701 Massey Tompkins Rd Baytown, TX 77521, USA
Building Size
45,910 SF
Asset Type
Industrial
Closing
Apr 12, 2023
AI
A 45,910 square foot distribution building located at 1701 Massey Tompkins Road in Baytown, Texas, has been sold. The warehouse is situated in Houston's Southeast Corridor industrial submarket.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 1701 Massey-Tompkins Road, Baytown, Texas
- Square Footage: 45,910 SF
- Market: Baytown
SK2 Services, represented by Shirley Chu, purchased the property. The seller, FRI Massey Tompkins LLC, was represented by Stephen Darnall with Fuller Realty. Chase McAteer from Oxford Partners acted as the buyer's broker in this transaction.
Players
Texas Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93